NEW DELHI: India Shelter Finance Corporation Limited spent Rs. 4.58 crore on corporate social responsibility (CSR) initiatives in the financial year ended March 31, 2025, exceeding its statutory obligation, according to the company’s latest annual report.
The company’s prescribed CSR obligation stood at Rs. 4.54 crore, calculated as two per cent of its average net profit of Rs. 226.78 crore over the preceding three years.
During FY25, the company incurred Rs. 4.35 crore on CSR projects and Rs. 22.68 lakh on administrative overheads, taking the total CSR expenditure to Rs. 4.58 crore, resulting in an excess spend of Rs. 4.28 lakh, which will be carried forward for set-off in subsequent years.
The CSR initiatives focused on education, healthcare and skill development, aimed at improving the lives of socially and economically underprivileged communities, the report said.
The company reported no unspent CSR amount and confirmed that no funds were required to be transferred to the unspent CSR account or Schedule VII funds during the year.
India Shelter Finance’s annual report stated that its CSR programmes were implemented in accordance with Section 135 of the Companies Act, 2013, and monitored by the board-level CSR Committee, chaired by an independent director.
(India CSR)
